ICICI Prudential Flexicap Fund NFO

ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Flexicap Fund. The scheme would be predominantly investing its assets in large-cap, mid-cap, and small-cap companies.

The New Fund Offer (NFO) starts on 28th June 2021 and will end on 12th July 2021.

Investment Objective

The scheme’s investment objective is to generate long-term capital growth by investing its assets in equity and equity-related securities of large-cap, mid-cap, and small-cap companies.

Features

The fund will be investing a minimum of 65% of its assets in the equity and equity-related securities of every market capitalization.
The fund may allocate its asset in debt or money market instruments, units of InvITs, and REITs.
The fund can invest in any companies across the market capitalizations & sectors.
The fund does not have any restriction to allocate its assets across market capitalization.

Portfolio Construction Process

Investment Philosophy - Fund aims to invest across the market opportunities through its in-house market cap model.
Investment Approach - Fund will use top-down approach for identification of large-cap stocks while bottom-up approach for mid and small-cap stocks.
Stock selection - Stocks will be selected on various factors like Macros, Company Fundamentals, Valuations, etc.
Investment Process - Fund managers will invest across the market depending upon the attractiveness.
Investment Universe - Opportunities will be identified from the universe of S&P BSE 500.
Re-Balancing - The portfolio will be periodically re-balanced as per the in-house market cap model.

ICICI Flexicap Fund - Stock selection Approach

1. Top-Down Approach - Mainly used to identify opportunities in the large-cap space. It analyzes various factors like

Economic indicators
Policy response
Growth
Inflation
Global macros
Future earning potential
Future project pipeline

2. Bottom-Up Approach - Mainly used to identify opportunities in the mid and small-cap space. It analyzes various factors like

Growth outlook
Opportunity size
Management track record
Historical return ratios
Valuations

Who Should Invest?

This scheme is suitable for investors who are -

Interested in long-term capital growth.
Investors who want to invest in a well-diversified portfolio.
Investors who want to invest in companies across market capitalization.
Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

Instruments	Minimum % of total assets (Indicative)	Maximum % of total assets (Indicative)
Equity and Equity-related securities of Large-cap, Mid-cap, and Small-cap companies	65%	100%
Other equity-related securities	0%	35%
Debt & money market instruments, units of debt mutual funds	0%	35%
Preference shares	0%	10%
Units of InvITs and REITs	0%	10%

About the Scheme

Name of the fund	ICICI Prudential Flexicap Fund NFO
Fund launched by	ICICI Prudential Mutual Fund
Asset Management Company	ICICI Prudential Asset Management Company Limited
Type of scheme	An open-ended dynamic equity scheme primarily investing its assets in large-cap, mid-cap, and small-cap companies.
Investment Objective	The scheme’s investment objective is to generate long-term capital appreciation by investing its assets in equity and equity-related securities across market capitalization.
Benchmark	S&P BSE 500 TRI
Entry Load	Not Applicable
Exit Load	-If units redeemed or switched out within 12 months - 1% of applicable NAV -If units are redeemed or switched out after 12 months - NIL
Taxation	Taxed as Equity -If units are redeemed within 12 months, gains are taxed as short term capital gain tax @15% -If units are sold after 12 months, gains are taxed as long term capital gain tax @10% on the gains exceeding ₹ 1 lakh in a financial year
Minimum Application Amount	₹ 5,000 & in multiples of ₹ 1 thereafter
Minimum Additional Amount	₹ 1,000 & in multiples of ₹ 1 thereafter
STP & SWP	Available
Plans Available	Regular Direct
Options	Growth Payout of IDCW Dividend of IDCW
Fund Managers	Mr. Rajat Chandak and Ms. Priyanka Khandelwal

SIP Details

Type	Minimum Installments	Minimum Amount
Daily SIP	6	₹100 & in multiples of ₹1 thereafter
Weekly SIP	6	₹100 & in multiples of ₹1 thereafter
Fortnightly SIP	6	₹100 & in multiples of ₹1 thereafter
Monthly SIP	6	₹100 & in multiples of ₹1 thereafter
Quarterly SIP	4	₹5,000 & in multiples of ₹1 thereafter